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10 000 Yuan
| Issuer | Central Bank of China |
|---|---|
| Year | 1949 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 147 × 62 mm |
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| Obverse description | Portrait of Chiang Kai-shek in intaglio at right, set against a blue multicolour underprint with intricate guilloche patterns. Two red official seals appear below the portrait, with two red serial numbers printed above. The overall colour scheme is blue on a multicolour underprint. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | THE CENTRAL BANK OF CHINA TEN THOUSAND GOLD YUAN 10000 1949 GENERAL MANAGER GOVERNOR |
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| Comments |
By early 1949, hyperinflation had so thoroughly destroyed the Gold Yuan — introduced only the previous August as a supposed stabilization measure — that denominations like this were functionally obsolete almost from the moment of printing. The Nationalist government's Central Printing Factory was running multiple shifts to produce notes that lost purchasing power faster than they could be distributed. This 10,000 Yuan value, extraordinary by any earlier Chinese monetary standard, represented a routine transaction amount by the time the note reached circulation.
The Communist forces took control of the mainland later that year, rendering the entire Gold Yuan series worthless. Most surviving notes were never spent.